The seller/servicer (and any subservicer or third-party originator it uses) must be aware of, and in full compliance with,
all federal, state, and local laws (e.g., statutes, regulations, ordinances, administrative rules and orders that have the
effect of law, and judicial rulings and opinions) that apply to any of its origination, selling, or servicing practices or
other business practices (including the use of technology) that may have a material effect on Fannie Mae. Among other things,
this means that the seller/servicer must comply with any applicable law that addresses fair housing, fair lending, equal credit
opportunity, truth-in-lending, wrongful discrimination, appraisals, real estate settlement procedures, borrower privacy, data
security, escrow account administration, MI cancellation, debt collection, credit reporting, electronic signatures or transactions,
predatory lending, anti-money laundering, terrorist activity, ability to repay or the enforcement of any of the terms of the
mortgage loan. The seller/servicer also must ensure that appraisals conducted in connection with single-family mortgage loans
delivered to Fannie Mae conform to the Appraiser Independence Requirements.